You can find silver in
Insulation & energy reduction
Jewelry & silverware
Silver oxide batteries
Supply & Demand
|Net Government Sales||7.4||7.9||-||-||-|
|Net Hedging Supply||-47.1||-34.8||16.8||7.8||-18.4|
|Coins & Bars||159.2||240.6||234.0||290.7||206.8|
|(+) Industrial Fabrication||600.0||604.5||595.7||569.6||561.9|
|Of which Electrical & Electronics||266.7||266.0||263.4||245.9||233.6|
|Of which Brazing Alloys & Solders||61.1||63.7||66.7||61.5||55.4|
|Of which Photography||54.2||50.5||48.5||46.6||45.2|
|Of which Photovoltaic||58.2||55.9||51.8||57.2||76.6|
|Of which Ethylene Oxide||4.7||7.7||5.0||10.2||10.2|
|Of which Other Industrial||155.0||160.8||160.5||148.4||141.0|
|ETF Inventory Build||55.3||2.5||1.5||-17.7||47.0|
|Exchange Inventory Build||62.2||8.8||-5.3||12.6||79.8|
Silver Demand (Moz)
Physical silver demand declined 11% to 1,027.8 Moz, impacted mainly by weaker jewelry, silverware, and retail investment.
Jewelry demand came under pressure from rising prices, but despite this it remained above 200 Moz for the fourth successive year.
Coins & medals fabrication declined 9% in 2016 following the all-time high achieved in 2015, to bring total coins and medals fabrication to 123.2 Moz.
Global silverware retreated for the first time in four years, declining 17% to 52.1 Moz, largely due to higher silver prices and weaker domestic currencies in price-sensitive markets.
2016 Silver Demand (Moz)
Industrial Fabrication Applications (562 Moz)
Silver is the pre-eminent electrical and thermal conductor of all metals, which makes it essential in many electrical applications.
Jewelry (207 Moz)
Pure silver does not tarnish easily but to make it durable for jewelry it is often alloyed with small amounts of copper. It is also widely used with base metals in gold alloys.
Coins and Bars (207 Moz)
Historically, silver was more widely used in coinage than gold, being in greater supply and of less value, thus being practical for everyday payments.
Silverware (52 Moz)
Sterling silver has been the standard of silverware since the 14th century, particularly in the manufacture of "hollow-ware" and "flatware".
Ounces Total Demand
Total Mine Production
Silver Supply (Moz)
Mine Supply by Region (Moz)
As a precious metal, silver has become an investment of choice for those who recognize its traditional role as a safe haven asset.
Coins and medals – Total coin and medals fabrication amounted 123.2 Moz in 2016, the second highest level this century, with demand up year-on-year in the first half of 2016.
Silver exchange traded products (ETPs) – ETPs increased 8%, or 47.0 Moz, bringing total holdings of ETPs to 664.8 Moz. ETPs peaked in late October 2016 at 688.6, reaching an all-time high.